CoinsAQ summary · neutral
Binance arranges $6.34 billion to cover losses from record crypto hack
What happened
Binance arranges $6.34 billion to cover losses from record crypto hack Binance said it reserved its own funds to cover the $6.3 billion hack, including freezes of roughly $3 billion in stolen assets. By Omkar Godbole,
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses While the FBI listed hundreds of addresses in its notice, Chainalysis said the Binance attackers have already used "thousands addresses," and expects this.
US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs
The US action targets the cash-out stage of a scheme that the UN estimates generates $250 million to $600 million annually for North Korea.
FBI Attributes $6 Billion-Plus Binance Hack to North Korea
The FBI attributed the Binance theft to North Korea’s TraderTraitor activity and urged crypto services to block transactions linked to the stolen funds.